Cosan Limited (CZZ)

[Gixene]

Spinoff17, I believe the recent pull back is due to the 'technicals' if you will. Look closely as the chart has formed a 'channel up' where the PPS has reached the channel resistance thereby pulling back to the channel support. This in part, is the main reason I viewed CZZ as an excellent opportunity here. CZZ is also the best preforming Utility company and with a lot of volume. This alone is icing on the cake.

We can see how this creates a great opportunity seeing that there has been a lot of accumulation in volume these past few days. Though I have not noticed negative events associated with CZZ. We must remember that there are many factors that move the PPS of CZZ or any company for that matter. Though looking at the chart alone, 'technicals' seem to reason the recent pull back.